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Junior Member
laws about debt settlement
can anyone tell me if there are any perticuular laws that regulate the way collection agencies must go about debt settlelment (assuming they're in agreement)?
i was able to get one agency to reduce my debt for a certain amount. I was to pay half of it on the spot, and the other half the following month. They collected the first payment. I was late on the second-but i did pay it.
it turns it out that they "cancelled" the original agreement because of the late payment, but they still collected both payments....AND I STILL OWE.
is this legal? how can i find out what to do without going through the hassles of trying to get legal advice from an attorney...
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